HMRC Admin 25 Response

Hi edmond,
If you are doing a paper tax return, include the loss figure at box 47.
If online, look for the question losses available to be carried forward.
If you make a loss
Thank you. 

 

Hi Reijo Koverskoi,
Yes, you will report this in your tax return.
You need to use the exchange rates for the tax year the house was bought and again then sold. HMRC rates are at: 
Exchange rates from HMRC in CSV and XML format
Thank you. 

Hi Paulo,
Unfortunately, HMRC cannot convert your repayment into another currency, or  transfer it abroad, as doing so may incur fees.
You could open a new UK bank or UK building society account that will accept the cheque, or we can send a replacement cheque to a nominee you appoint - we can send a replacement cheque to this nominee if they have a UK bank account.
If you live overseas, you can find more information here:
Get your Income Tax right if you're leaving the UK (P85)
Thank you. 

Hi bobo1,
Please refer to guidance here:
Tax on your UK income if you live abroad
Selling online and paying taxes - information sheet
Thank you. 

Hi Mei Ng,
We are sorry to hear that there was an issue with your previous application.
You can apply again here:
Register for Self Assessment if you are not self-employed
Or by contacting us by webchat or phone here:
Self Assessment: general enquiries
Thank you. 

Hi Billy,
Please refer to guidance here:
Tax on your UK income if you live abroad
Thank you. 

Hi Clarky55,
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our Self Assesment helpline here:
Self Assessment: general enquiries
Thank you. 
 

Hi Sachin,
The guidance at RDRM31030 advises "Most individuals who are resident in the UK are taxable on the arising basis and pay tax on their worldwide income and gains.
So, on the arising basis, the foreign income of UK residents is charged to tax in the year in which it arises overseas".
RDRM31030 - Remittance Basis: Introduction to the Remittance Basis: Overview of the Remittance Basis regime: What is the Remittance Basis?
A Self Assessment tax return and its supplementary pages are used to declare the world-wide income and tax paid.
The fact that you have foreign interest is criteria for completing a Self Assessment tax return.
You can register for a Self Assessment tax return here:
Check how to register for Self Assessment
Thank you. 

Hi DDursley,
You can claim Foreign Tax Credit Relief in your tax return.  
You can amend your online tax return by logging into your personal tax account.
If you are ensure that all income and dividends are included in the tax return, you then go to the calculation and note how much UK tax is being charged on your dividends.
Next take a note of your gross Romanian dividend and work out 15% of that value.
This is maximum Foreign Tax Credit you can claim.
If the UK tax is more than this amount, you claim the maximum.
If the UK dividend tax is less than the maximum calcuated, then you claim the amount needed to cover the UK dividend tax.
You enter this in the FTCR section and resubmit.
Alternatively, you can have my colleagues work this out for you by contacting the Self Asessment helpline here:
Self Assessment: general enquiries
Thank you.